Sve Homework: Week Five: Chapter 8: Exercises Score: 0 of 1 pt 59-6 (similar to) 3 of 8 (0 completa) HW Score: 0%, 0 of 8 pts Question Help During its first year of operations, Tuming Leaves Furniture Restoration carned not credit sales of $374,000. Industry experience suggests that bad debts will amount to 3% of net credit sales. Al December 31, 2016, accounts receivable total $45,000. The company uses the allowance method to account for uncollectibles Requirements 1. Journalize Turning's Bad Debts Expense using the percent-of-sales method. 2. Show how to report accounts receivable on the balance sheet at December 31, 2016, Incorrecto mg Requirement 1. Journalize Turning's Bad Debts Expense using the percent-of-sales method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Date Accounts and Explanation Debit Credit Dec 31 0 ary 11) 75 odules Choose from any list or enter any number in the input fields and then click Check Answer Check Answer part minina Clear All